ArcelorMittal News

Ukraine: AMKR to modernize Sinter Plant No. 2Wed, 20 May 2020 09:40:40 GMTArcelorMittal Kriviy Rih continues to carry out major modernization of Sinter Plant No. 2. This is one of the key investment projects of the company that will significantly reduce industrial emission load on the region and city. Currently, there are some works in progress to install new gas cleaning plant within reconstruction of one

Ukraine: AMKR shuts down blooming shop site No. 1Fri, 15 May 2020 09:54:32 GMTArcelorMittal Kriviy Rih has suspended operation of the blooming shop site No. 1. Under the strategy of sustainable development, the company is waving outdated techniques. The blooming-1 started operating in 1958. Some years later the site No. 2 was commissioned. In 2015, both sites were merged into one shop. So far the shop has

ArcelorMittal/Bekaert Brazilian joint venture expands e-commerceFri, 24 Apr 2020 00:00:00 GMTArcelorMittal Brazil says its joint venture with Bekaert, Belgo Mineira Bekaert Artefatos de Arames,has improved its commercial policy and started to sell steel wire through its online store,Kallanishlearns from the company. Steel e-commerce is an option with potential for growth, especially due to the ease of the process, Belgo Bekaert Arames says. We need

Arcelor Mittal's Essar Steel buy may not severely hit other playersThu, 09 Jan 2020 00:00:00 GMTArcelor Mittals debut in steel industry through acquisition of Essar Steel will raise the competition in the domestic steel sector. Nevertheless there is still headroom for steel companies to increase capacities with consumption demand tipped to grow at 6-7%. Ind-Ra said continued regulatory support is critical to protect local steel players against the threat of

ArcelorMittal completes acquisition of Essar SteelMon, 16 Dec 2019 00:00:00 GMTAccording to a release, the company has also established a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India (AM/NS India), which will own and operate Essar

NCLAT dismisses ArcelorMittal plea over EPC ConstructionMon, 16 Dec 2019 00:00:00 GMTArcelorMittal India, subsidiary of the global steel major, had challenged it before the NCLAT contending that the action of the CoC is vitiated by procedural irregularities rendering illegal approval. The steel major has contended that the resolution plan submitted by it was ex facie a better resolution plan selected by the

ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel ...Sat, 14 Dec 2019 00:00:00 GMTAccording to banking sources, Payment from ArcelorMittal has started flowing and entire payment is expected to be cleared in a day or two. Another source privy to the development said ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday. After the payment to the lenders, this will be the single-biggest recovery under the

ArcelorMittal aims to complete Essar Steel acquisition by 2019-endTue, 19 Nov 2019 00:00:00 GMTArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a